Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


How do major iwi interests fare with Fonterra?

How do major iwi interests fare with Fonterra? asks Maori Party

Dr Pita Sharples and Tariana Turia, Co-leaders of the Maori Party

Friday 16 November 2007

The Maori Party has reacted with caution to the ‘bold, brave plan’ put forward by Fonterra to list on the stock exchange.

“We are interesting in learning how the proposal to change the capital structure will impact on the working lives of the 12,000 Maori working in the farming sector” said Dr Pita Sharples, Maori Party Spokesperson for Economic Development.

“We believe that future prosperity for tangata whenua is tied to the productivity and protection of the whenua – and as such any initiatives which may advance sustainable farming must be considered carefully” said Dr Sharples.

Tangata whenua are major stakeholders in the agribusiness sector, and some Maori agribusiness operations are performing exceedingly well, commercially.

“There are major iwi interests in many successful sheep and cattle farming enterprises” said Dr Sharples. “And we know that Maori trusts, runanga and incorporations are significant shareholders in the Fonterra Co-operative, and it is extremely important to hear from them”.

“As a former dairy farmer myself I know how important it is to be open to all possibilities to achieve growth” said Tariana Turia, Co-leader of the Maori Party.

“We are worried that in seeking a share-market listing the concern is that farmers would lose control to overseas interests or big money interests, and the autonomy of our indigenous market would end up being compromised by foreign control”.

“The key priority for us, will be to be informed by the Maori specific hui which are to be held to discuss the capital share structure” said Mrs Turia.

“Our thinking on the Fonterra fortune will be informed by the interests of Maori and iwi stakeholders, and we look forward to hearing from them, about how their interests will be protected - or not – by the company’s strategy”.

“When the changes have been thoroughly debated and consensus achieved, it is vital that the changes are secured through the process of legislation” ended Dr Sharples.

Hui are being held in Whangarei and Hamilton (26 November); Rotorua and Hawera (27 November) and Christchurch (28 November).


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Labour Refusing To Lead A Progressive Drugs Policy

Once again, Labour has chosen not to use (a) its parliamentary majority and (b) the huge mandate it was given at the last election in order to (c) bring about progressive social change. Once again, Labour seems to regard its main purpose for being in power as being to keep National and Act out of power. Will Labour for instance, overhaul our out-dated, unsafe, and unjust laws on drugs? No, it will not... More>>


Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>


Government: The Duke Of Edinburgh

9 April 2021 Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time. On behalf of the New ... More>>


Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>




InfoPages News Channels